I have been following financial commentator, Peter Schiff, since the Ron Paul movement and his Senate run. Schiff was one of several, including Michael Burry, to forecast the 08’ financial crash. Now he is predicting a Depression that will be much worse than the 1930s
This Schiff guy is either a propagandist or stupid. Why on earth would even more payouts to oligarchs help normal people? They don't teach real economics in America
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocols of Zion: Protocol II – Economic Wars
❝The administrators, whom we shall choose from among the public, with strict regard to their capacities for servile obedience, will not be persons trained in the arts of government, and will therefore easily become pawns in our game in the hands of men of learning and genius who will be their advisers, specialists bred and reared from early childhood to rule the affairs of the whole world.❞
He's just a rightwinger. These guys are all the same. ALL rightwingers think like this, 100% of them. If you don't understand that, you don't understand rightwingers.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol X – Preparing for Power . . . (((SARS-CoV2)))
❝. . . utterly exhaust humanity with dissention, hatred, struggle, envy and even by the use of torture, by starvation, by the inoculation of diseases. by want, so that the “Goyim” see no other issue than to take refuge in our complete sovereignty in money and in all else.❞
"return to QE will cause the #dollar to sink and #inflation to soar."
We had plenty of QE in the last 20 years. Was any inflation associated with QE? Of course not! But never let facts get in the way of an Austrian economist!
"slowing #economy will actually cause #inflation to speed up. That's because as the economy slows budget deficits will rise and the #dollar will fall.”
Deficits have been going through the roof forever. Has this caused any inflation? Of course not.
Rightwing apes: "Deficits cause inflation!" Durr hurr.
"Quantitative easing and stimulus won’t be a viable solution for the recession, as with 08’or the pandemic, due to inflation."
QE and stimulus didn't cause inflation last time around, why would it now?
Rightwing apes: But this time it will! Durr hurr.
"Schiff says don’t be “fooled by Oct.'s flat #CPI. It's just one month and it was only .1% lower than expectations. YoY headline is still 3.2% and core is still 4%. The #inflation numbers have been bottoming"
Rightwing apes: "Oh noes! 3% inflation is baaaaaaaaaaaaaaaaaad! Inflation! Inflation! Inflation!" All these guys are Chicken Littles!
Sane people: "Inflation is very low. Rightwing apes: "That's because it's bottoming out! Inflation! Inflation! Inflation! My name is Chicken Little!"
"However, current economic signals look much more bearish, such as the biggest spike in unemployment since covid"
Oh noes! It's all the way up to 3.9%! The sky is falling!
"Not to mention that Schiff opposes anti-trust for Amazon"
LOL. You are surprised? He's a rightwing monkey. ALL rightwingers always oppose all antitrust enforcement, period. The pro-antitrust rightwinger does not exist.
"There are also flaws with Schiff’s argument that taxing the rich is bad because it hinders their potential to invest."
The apes always make this argument. It's their go-to.
"Even though Schiff was staunchly against the bailout of the wealthy, it shows the failure of trickle-down economics, which he defends."
Of course he defends it. He's a rightwing monkey man. They always support trickle-down economics, despite the fact that it's never worked anywhere ever, not even one time. MOST rightwingers are dishonest by their nature.
Conservatism means rule by aristocracy and liberalism means rule by the people or democracy, so of course all conservatives always hate democracy. Conservatism must lie to the people and tell them it's about popular rule and democracy when it's really about aristocratic rule because few majorities except probably Moronicans will ever vote for aristocratic rule or rule by the rich. Of course rule of the rich is always bad for the masses. It cannot ever be anything but. The problem with capitalism is that capitalists always support aristocratic rule and always hate democracy or rule by the people. This is a fatal flaw in capitalism, and there is no cure for it ever!
"The main flaw with libertarians, like Peter Schiff, who call for a return to a true capitalism, is that this purer capitalism lead to where we are now, which you could call crony capitalism, late-stage capitalism, or state capitalism."
Libertarians are liars! They support aristocratic rule so they almost have to be liars by definition. There is no "pure capitalism." There's never been any and there never will be. Capitalism is always and only ever crony capitalism. There's no such thing as state capitalism. It's bullshit. Late stage capitalism is simply what we've had for decades now.
"Then they used that wealth to rig the political system against the competition,"
How on Earth did capitalists rig the system against competition? This sounds like libertardian bullshit. Libertardians complain that the state rigs the system against competition. The truth is that all capitalists hate competition. The only ones who want to use antitrust are those who are behind in the game. They want to dethrone the monopolists so they can become monopolists themselves. Basically everything a capitalist says is a lie. This is another huge problem with that system.
"Government creates these monopolies more so than innovation, so why should free-marketers defend them?"
Because all free-marketeers care about is money! Real simple.
"If Schiff is right that we are facing this inflationary depression."
There's no such thing. If it's inflationary, it's not a depression and if it's a depression, it's not inflationary. Real simple.
"Austerity would just hasten the Great Reset, that libertarian financial gurus warn against, as oligarchs would scoop up the assets of the middle class."
"However, I agree with Schiff that a luxury tax on conspicuous consumption should be enacted rather than taxing labor."
Good luck with that. No Republican will ever vote for this.
There are two angles to fighting inflation, one is saving the dollar and the other is that inflation is a regressive tax. If inflation is bad because it is a regressive tax, then why enact austerity with a regressive national sales tax on the poor and middle class.
LOL since when did any conservative care about regressive taxation? Answer? Never.
"The wealthy benefit the most from the Fed printing, while ordinary people were gaslit that their measly stimmie checks were responsible for inflation."
This part is actually correct. I can't believe how many "leftwingers" fell for the "Stimulus caused inflation hurr durr!" BS. Pathetic.
I guess the Great Reset already happened, but this is what occurred in the pandemic.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 23 – Instilling Obedience
❝That the peoples may become accustomed to obedience it is necessary to inculcate lessons of humility and therefore to reduce the production of articles of luxury. By this we shall improve morals which have been debased by emulation in the sphere of luxury.❞
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 6 – Take-Over Technique (agriculture) . . .
❝We shall raise the rate of wages which, however, will not bring any advantage to the workers, for, at the same time, we shall produce a rise in prices of the first necessaries of life, alleging that it arises from the decline of agriculture and cattle-breeding: we shall further undermine artfully and deeply sources of production, by accustoming the workers to anarchy . . .❞
Basically, like with covid or the Ukraine war, will be simulative in the short term but will increase inflation and debt long term, so the big crash will be much more catastrophic.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 7 – World-Wide Wars
❝We must be in a position to respond to every act of opposition by war with the neighbors of that country which dares to oppose us: but if these neighbors should also venture to stand collectively together against us, then we must offer resistance by a universal war.❞
These "a crash is right around the corner" hucksters are always just sleazebags trying to make a dirty buck. And they're almost always wrong. The crash around the corner never seems to materialize. And never forget their always-advice: Invest in gold, dammit!
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 8 – Distractions
❝In order that the masses themselves may not guess what they are about we further distract them with amusements, games, pastimes, passions, people’s palaces, competitions in art, in sports of all kinds: these interests will finally distract their minds from questions in which we should find ourselves compelled to oppose them.❞
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 15 – Ruthless Suppression
❝Our absolutism will in all things be logically consecutive and therefore in each one of its decrees our supreme will be respected and unquestionably fulfilled: it will ignore all murmurs, all discontents of every kind and will destroy to the root every kind of manifestation of them in act by punishment of an exemplary character.❞
LOL this guy supports Ron Paul! He's a reactionary. You are surprised that he takes this stand? He can't take any other stand than this. All reactionaries think the same. I don't know you all keep on this fishing expedition for the "pro-worker reactionary" or "pro-worker rightwinger." There's no such thing and there never will be.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 17 – Abuse of Authority
❝Our agents will be taken from the higher as well as the lower ranks of society. This body, having no rights and not being empowered to take any action on their own account, and consequently a police without any power, will only witness and report: verification of their reports and arrests will depend upon a responsible group of controllers of police affairs, while the actual act of arrest will be performed by the gendarmerie and the municipal police.❞
This Schiff guy is either a propagandist or stupid. Why on earth would even more payouts to oligarchs help normal people? They don't teach real economics in America
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocols of Zion: Protocol II – Economic Wars
❝The administrators, whom we shall choose from among the public, with strict regard to their capacities for servile obedience, will not be persons trained in the arts of government, and will therefore easily become pawns in our game in the hands of men of learning and genius who will be their advisers, specialists bred and reared from early childhood to rule the affairs of the whole world.❞
https://cwspangle.substack.com/p/protocols-of-zion-protocol-ii-economic
He's just a rightwinger. These guys are all the same. ALL rightwingers think like this, 100% of them. If you don't understand that, you don't understand rightwingers.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol X – Preparing for Power . . . (((SARS-CoV2)))
❝. . . utterly exhaust humanity with dissention, hatred, struggle, envy and even by the use of torture, by starvation, by the inoculation of diseases. by want, so that the “Goyim” see no other issue than to take refuge in our complete sovereignty in money and in all else.❞
https://cwspangle.substack.com/p/protocol-x-preparing-for-power-sars
Rightwing apes:
"return to QE will cause the #dollar to sink and #inflation to soar."
We had plenty of QE in the last 20 years. Was any inflation associated with QE? Of course not! But never let facts get in the way of an Austrian economist!
"slowing #economy will actually cause #inflation to speed up. That's because as the economy slows budget deficits will rise and the #dollar will fall.”
Deficits have been going through the roof forever. Has this caused any inflation? Of course not.
Rightwing apes: "Deficits cause inflation!" Durr hurr.
"Quantitative easing and stimulus won’t be a viable solution for the recession, as with 08’or the pandemic, due to inflation."
QE and stimulus didn't cause inflation last time around, why would it now?
Rightwing apes: But this time it will! Durr hurr.
"Schiff says don’t be “fooled by Oct.'s flat #CPI. It's just one month and it was only .1% lower than expectations. YoY headline is still 3.2% and core is still 4%. The #inflation numbers have been bottoming"
Rightwing apes: "Oh noes! 3% inflation is baaaaaaaaaaaaaaaaaad! Inflation! Inflation! Inflation!" All these guys are Chicken Littles!
Sane people: "Inflation is very low. Rightwing apes: "That's because it's bottoming out! Inflation! Inflation! Inflation! My name is Chicken Little!"
"However, current economic signals look much more bearish, such as the biggest spike in unemployment since covid"
Oh noes! It's all the way up to 3.9%! The sky is falling!
"Not to mention that Schiff opposes anti-trust for Amazon"
LOL. You are surprised? He's a rightwing monkey. ALL rightwingers always oppose all antitrust enforcement, period. The pro-antitrust rightwinger does not exist.
"There are also flaws with Schiff’s argument that taxing the rich is bad because it hinders their potential to invest."
The apes always make this argument. It's their go-to.
"Even though Schiff was staunchly against the bailout of the wealthy, it shows the failure of trickle-down economics, which he defends."
Of course he defends it. He's a rightwing monkey man. They always support trickle-down economics, despite the fact that it's never worked anywhere ever, not even one time. MOST rightwingers are dishonest by their nature.
Conservatism means rule by aristocracy and liberalism means rule by the people or democracy, so of course all conservatives always hate democracy. Conservatism must lie to the people and tell them it's about popular rule and democracy when it's really about aristocratic rule because few majorities except probably Moronicans will ever vote for aristocratic rule or rule by the rich. Of course rule of the rich is always bad for the masses. It cannot ever be anything but. The problem with capitalism is that capitalists always support aristocratic rule and always hate democracy or rule by the people. This is a fatal flaw in capitalism, and there is no cure for it ever!
"The main flaw with libertarians, like Peter Schiff, who call for a return to a true capitalism, is that this purer capitalism lead to where we are now, which you could call crony capitalism, late-stage capitalism, or state capitalism."
Libertarians are liars! They support aristocratic rule so they almost have to be liars by definition. There is no "pure capitalism." There's never been any and there never will be. Capitalism is always and only ever crony capitalism. There's no such thing as state capitalism. It's bullshit. Late stage capitalism is simply what we've had for decades now.
"Then they used that wealth to rig the political system against the competition,"
How on Earth did capitalists rig the system against competition? This sounds like libertardian bullshit. Libertardians complain that the state rigs the system against competition. The truth is that all capitalists hate competition. The only ones who want to use antitrust are those who are behind in the game. They want to dethrone the monopolists so they can become monopolists themselves. Basically everything a capitalist says is a lie. This is another huge problem with that system.
"Government creates these monopolies more so than innovation, so why should free-marketers defend them?"
Because all free-marketeers care about is money! Real simple.
"If Schiff is right that we are facing this inflationary depression."
There's no such thing. If it's inflationary, it's not a depression and if it's a depression, it's not inflationary. Real simple.
"Austerity would just hasten the Great Reset, that libertarian financial gurus warn against, as oligarchs would scoop up the assets of the middle class."
"However, I agree with Schiff that a luxury tax on conspicuous consumption should be enacted rather than taxing labor."
Good luck with that. No Republican will ever vote for this.
There are two angles to fighting inflation, one is saving the dollar and the other is that inflation is a regressive tax. If inflation is bad because it is a regressive tax, then why enact austerity with a regressive national sales tax on the poor and middle class.
LOL since when did any conservative care about regressive taxation? Answer? Never.
"The wealthy benefit the most from the Fed printing, while ordinary people were gaslit that their measly stimmie checks were responsible for inflation."
This part is actually correct. I can't believe how many "leftwingers" fell for the "Stimulus caused inflation hurr durr!" BS. Pathetic.
I guess the Great Reset already happened, but this is what occurred in the pandemic.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 23 – Instilling Obedience
❝That the peoples may become accustomed to obedience it is necessary to inculcate lessons of humility and therefore to reduce the production of articles of luxury. By this we shall improve morals which have been debased by emulation in the sphere of luxury.❞
https://cwspangle.substack.com/p/protocol-no-23-instilling-obedience
"Schiff also predicts that “a slowing #economy will actually cause #inflation to speed up."
That LITERALLY does not make sense. As the economy slows, people have less money to spend, which is anti-inflationary.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 6 – Take-Over Technique (agriculture) . . .
❝We shall raise the rate of wages which, however, will not bring any advantage to the workers, for, at the same time, we shall produce a rise in prices of the first necessaries of life, alleging that it arises from the decline of agriculture and cattle-breeding: we shall further undermine artfully and deeply sources of production, by accustoming the workers to anarchy . . .❞
https://cwspangle.substack.com/p/protocol-no-6-take-over-technique
Basically, like with covid or the Ukraine war, will be simulative in the short term but will increase inflation and debt long term, so the big crash will be much more catastrophic.
Deficit hawks: "Debt causes inflation! Debt causes inflation!"
Debt keeps going up. Inflation? What inflation? Nowhere to be seen. Show this evidence to the deficit hawks. Their response?
"Debt causes inflation! Debt causes inflation!"
Some people never learn.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 7 – World-Wide Wars
❝We must be in a position to respond to every act of opposition by war with the neighbors of that country which dares to oppose us: but if these neighbors should also venture to stand collectively together against us, then we must offer resistance by a universal war.❞
https://cwspangle.substack.com/p/protocol-no-7-world-wide-wars
These "a crash is right around the corner" hucksters are always just sleazebags trying to make a dirty buck. And they're almost always wrong. The crash around the corner never seems to materialize. And never forget their always-advice: Invest in gold, dammit!
Zzzzzzzzzzzzzzzzzz.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 8 – Distractions
❝In order that the masses themselves may not guess what they are about we further distract them with amusements, games, pastimes, passions, people’s palaces, competitions in art, in sports of all kinds: these interests will finally distract their minds from questions in which we should find ourselves compelled to oppose them.❞
https://cwspangle.substack.com/p/protocols-of-zion-protocol-no-8-distractions
"The recession will likely start very soon, if we’re not in one already."
I don't know. Low inflation, 3.9% unemployment. Funniest recession I've ever experienced!
Is your nickname Gloomy Gus?
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 15 – Ruthless Suppression
❝Our absolutism will in all things be logically consecutive and therefore in each one of its decrees our supreme will be respected and unquestionably fulfilled: it will ignore all murmurs, all discontents of every kind and will destroy to the root every kind of manifestation of them in act by punishment of an exemplary character.❞
https://cwspangle.substack.com/p/protocols-of-zion-protocol-no-15 #maui #ukraine
LOL this guy supports Ron Paul! He's a reactionary. You are surprised that he takes this stand? He can't take any other stand than this. All reactionaries think the same. I don't know you all keep on this fishing expedition for the "pro-worker reactionary" or "pro-worker rightwinger." There's no such thing and there never will be.
PROTOCOLS OF THE MEETINGS OF THE LEARNED ELDERS OF ZION . . . Protocol No. 17 – Abuse of Authority
❝Our agents will be taken from the higher as well as the lower ranks of society. This body, having no rights and not being empowered to take any action on their own account, and consequently a police without any power, will only witness and report: verification of their reports and arrests will depend upon a responsible group of controllers of police affairs, while the actual act of arrest will be performed by the gendarmerie and the municipal police.❞
https://cwspangle.substack.com/p/protocol-no-17-abuse-of-authority